What a miserable share16 Nov 2023 14:12
I cannot believe GSK is sitting at this miserable price of a little over £13.80. I fully expected the share to rise towards or above £16 after the results readout (which were fantastic by the way). Yet since then they have dropped approx 7%. Before the quarterly results the share was still on an upward trend yet now they are below YTD and only half a percent higher than a year ago.
Settled court cases, quarter on quarter excellent results, great pipeline, blockbuster launches and increased forecast seem to make no difference.
I’m not sure if it is poor leadership or market bias against GSK but something is not adding up.
After 15 years in this share, the lowered dividend without any likelihood of this increasing means I will probably move on if we get above £15.